Red Hot Labs Heats Up With $1.5M for Social Mobile Games

Lizette Chapman

Updated Feb. 28, 2013 11:22 a.m. ET

Founded by a handful of Zynga Inc. veterans and funded by Andreessen Horowitz, Greylock Partners, SV Angel, General Catalyst and Japan's IT-Farm Corp., Red Hot Labs Inc. is focused on a white hot space: social mobile gaming.

Founded last year, the San Francisco-based company has built a skills-based bingo game--due out next month--and is in the process of developing a second game.

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